HDFC Securities vs Sharekhan Comparison: 2024
About HDFC Securities
HDFC Securities Ltd, a subsidiary of HDFC Bank. It basically means that you can get a 3-in-1 account service that combines HDFC Securities Trading Account with the HDFC Securities Demat Account, and HDFC Bank account resulting in an amazing trading experience, and above that it also provides a free mutual fund account. It is one of the largest full-service brokers in India with more than 20 lakh customers, including both retail and institutional clients.
HDFC Securities : Overview
HDFC Securites, due to its large customer base, happens to be one of the leading depository participants with both CDSL and NSDL; more than 2.03 million demat accounts with a comprehensive network that has more than 3500 service branches. They have more than 270 branches across 185, catering investment needs of a gigantic diversified customer base including both retail and institutional investors.
HDFC Securities is a registered member of BSE, NSE, IRDA, PFRDA, AMFI,
About Sharekhan
One of the largest full service broker, Sharekhan is based in Mumbai, and has a client base of more than 17 lakh accounts. Sharekhan, is one of the biggest names in Indian equity and derivative trading and was a pioneer in the field of online trading. Sharekhan’s holding company is BNP Paribas, a Euronext Paris Stock Exchange listed entity with a history in banking. It is regulated by Securities and Exchange Board of India (SEBI).
Sharekhan: Overview
Sharekhan was established in the year 2000 in Mumbai, Maharashtra. Originally, Sharekhan was a subsidiary of SSKI Group and it later got acquired by BNP Paribas Group. Sharekhan’s network is spread over 550 cities. Here, they are spread out in over 1850 offices, with a presence in middle-eastern countries like Oman and UAE.
Sharekhan offers a wide range on investment and advisory services like market news, comprehensive research reports, stock quotes, fundamental and statistical analysis
HDFC Securities vs Sharekhan Account Opening Charges: 2024
| Charge | HDFC Securities | Sharekhan |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹750 | ₹400 (Free for 1st year with trading account) |
HDFC Securities vs Sharekhan Brokerage Charges and Plans : 2024
| Charge | HDFC Securities | Sharekhan |
|---|---|---|
| Plan Name | Basic | Classic Account |
| Equity Delivery | 0.50% | 0.50% |
| Equity Intraday | 0.05% | 0.10% |
| Equity Futures | 0.05% | 0.10% |
| Equity Options | ₹100 per lot or 1% of the premium (whichever is higher) | ₹50 per lot |
| Currency Futures | ₹23 per contract | 0.10% |
| Currency Options | ₹20 per contract | ₹30 per lot |
| Commodity Options | 0.02% for Intraday / 0.025% for positional | 0.03% |
| Mutual Fund | N/A | N/A |
HDFC Securities vs Sharekhan Margin / Exposure: 2024
| Segment | HDFC Securities | Sharekhan |
|---|---|---|
| Equity Delivery | 2x | Upto 5x |
| Equity Intraday | Upto 20x | Upto 10x |
| Equity Future | Nil | 2x |
| Equity Options | Nil | Nil |
| Currency Future | Nil | Nil |
| Currency Options | Nil | Nil |
| Commodity Future | Nil | Upto 2x |
| Commodity Options | N/A | N/A |